North Carolina · FIPS 37041 · HUD FY 2027
Chowan County, North Carolina Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Chowan County is $1,331 a month (rent plus utilities), 8% below the North Carolina average of $1,441 and 24% below the U.S. average of $1,761. That is up $111 (9.1%) from FY 2026. At 30% of income, a household needs about $53,240 a year to afford it.
- $1,3312-bedroom FMR+$111 (+9.1%) vs FY 2026
- $1,0171-bedroom FMRNorth Carolina: $1,282 · U.S.: $1,478
- $53,240Income for a 2-bedroom$26/hour full-time
- 28 of 1002BR rank in North Carolina1 = highest rent
| Unit | Chowan County FY 2027 | FY 2026 | Change | North Carolina avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,011 | $924 | +$87 (+9.4%) | $1,215 | $1,379 | $40,440 |
| 1 bedroom | $1,017 | $930 | +$87 (+9.4%) | $1,282 | $1,478 | $40,680 |
| 2 bedrooms | $1,331 | $1,220 | +$111 (+9.1%) | $1,441 | $1,761 | $53,240 |
| 3 bedrooms | $1,586 | $1,463 | +$123 (+8.4%) | $1,823 | $2,266 | $63,440 |
| 4 bedrooms | $1,749 | $1,615 | +$134 (+8.3%) | $2,256 | $2,607 | $69,960 |
How Chowan County compares
- Chowan County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across North Carolina, 2-bedroom FMRs run from $1,012 (Wilkes County) to $1,866 (Buncombe County).
- Studio to 4-bedroom: $1,011, $1,017, $1,331, $1,586, $1,749. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 2 ZIP codes mostly in Chowan County (by land area), the 2-bedroom figure ranges from $1,240 to $1,320.
Small Area FMRs by ZIP code in Chowan County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 27932 | $1,000 | $1,010 | $1,320 | $1,580 | $1,740 | +$90 (+7.3%) | 1% below |
| 27980 | $950 | $960 | $1,240 | $1,600 | $1,760 | +$40 (+3.3%) | 7% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.